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Listing provided courtesy of Wisco Real Estate Sales- MLS# 2014085MLS Provider

1507 Madison AvenueFort Atkinson, WI 53538

Commercial · 15,500 Sq. ft. | 2.04 Acres
$2,500,000 Active

1507 Madison Avenue Overview

Time on Site:
188 days
Visits:
38

Pick n Save grocery anchored center. Co-tenants include Family Dollar, Papa Murphy's, Great Clips, China Dragon, and Verizon. Culvers, Kwik Trip, Arby's and other regional/national brands nearby. Just a 1/4 mile from the Hwy 26 on/off ramp to Hwy 12. 1,500 sq ft end cap vacancy allows for value-add or owner occupant. Offered at a 7% cap.

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1507 Madison Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 15,500
  • Price/Sq.ft. $161
  • Lot 2.04 Acres

Details

General

Income/Expenses

  • Net Operating Income: 175000
  • Operating Expense: 0

Listing Information

  • Sale Includes: Lease(s)

Building Information

  • Fuel: Natural gas
  • Water/Waste: Municipal water, Municipal sewer
  • Year Built: 2005

Business Information

  • Current Use: Retail, Office, Service, Beauty/barber shop

Location/Region

  • County Or Parish: Jefferson
  • Postal City: Fort Atkinson

Parking Information

  • Parking Fees/Mo.: 0

Rent/Lease Information

  • Lease Type: Triple net, Multiple years, Renewal options
  • Tenant Pays: Taxes, Heat, Air Conditioning, Electric, Water, Sewer, Insurance, Janitorial, Trash Services, Snow removal, All expenses

Tax Information

  • Tax Annual Amount: $41,924.00
  • Tax Assessed Value: $2,202,900.00
  • Tax Year: 2025

General Information

  • Business Sale: No
  • Exclusions: Seller and tenants personal property
  • Features: Private Restrooms, Signage available
  • Parcel Number: 226-0614-3242-010
  • Property Type: Business/Comm
  • Type: Retail, Office, Grocery, Church, Day care, Beauty/barber, Shopping center/StripMall
  • Zoning: commercial

Interior

Building Information

  • Total Units/Bldg.: 6
  • Heating/Cooling: Forced air, Central air

Building Interior

  • Building Area Total: 15500
  • Ceiling Height Max: 14
  • Ceiling Height Min: 10

General Information

  • Basement: Slab/None
  • Stories Total: 1

Unit Information

  • Unit 1 Base Annual Rent: $0.00
  • Unit 1 Gross SqFt: 0

Exterior

Parking Information

  • Onsite Parking: 68
  • Parking Features: 56 or more spaces, Onsite, Paved

Lot Information

  • Street Frontage: 190
  • Lot Size Acres: 2.04
  • Lot Size Source: Assessor

Building Exterior/Construction

  • Construction Materials: Brick, Stucco
  • Roof: Metal

1507 Madison Avenue Neighborhood

Community

53538 (Fort Atkinson) Demographics

44
Median Age
172
Population Density (per sq. mile)
35%
College Educated
$66,990
Estimated Median Income
5,314
Estimated Total Home Owners
2,126
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1507 Madison Avenue Market Data

Based on the last 30 days in this zip code

$450,695
Average List Price
$164
Average Price per Square Foot
27
Properties Sold
72
Average Days on Market
68
Properties for Sale
Calculations provided by Reliance Network

1507 Madison Avenue History

Date Event Value Agent
5/2/2026Source: South Central Wisconsin MLS Price Reduction
$18,000 -14.3%
12/23/2025Source: South Central Wisconsin MLS Added to Database
December 23, 2025
12/23/2025Source: South Central Wisconsin MLS Added to Database
December 23, 2025
12/1/2025Source: South Central Wisconsin MLS Status Change
Rented
7/28/2025Source: South Central Wisconsin MLS Price Reduction
$18,000 -14.3%
7/28/2025Source: South Central Wisconsin MLS Added to Database
May 05, 2022
7/28/2025Source: South Central Wisconsin MLS Status Change
Expired